Motivating Factors in Contributing to Socio-Economic Objectives during the Pandemic of COVID-19: The Case of Malaysian Takaful Operators


  • Noor Aimi Mohamad Puad Universiti Islam Selangor
  • Nurauliani Jamlus Rafdi Universiti Islam Selangor
  • Norlita Zainudin Universiti Islam Selangor



Takaful Operators, Socio-Economic, Pandemic, VBIT


Malaysian takaful businesses have established their legitimacy with notable gains in market structure and net contribution income. Takaful is one of the most important financial products for wealth protection. Despite its significance, less than 50% of Malaysians as a whole have access to takaful. Takaful operators are governed by pertinent laws in addition to adhering to Shariah standards because they are professional organisations with the authority to operate in providing Shariah-compliant protection coverage to society. The Life Insurance and Family Takaful Framework initiative is one of the approaches from a regulatory perspective. Socioeconomic problems are also seen from the perspective of the Takaful operation institution itself. It is definitely intriguing to learn how the two perspectives are combined to provide the desired result for the entire Malaysian community. The main objective of this study is to explore the motivating factors of Takaful Operators in contributing for socio-economic objectives during the pandemic of Covid-19. To achieve the objective, ten takaful operator respondents will be questioned to get their thoughts on the subject. The research objectives also are in keeping with the Value-Based Intermediation for Takaful (VBIT) framework, which was created to provide inclusive protection for disadvantaged or underserved societal sectors and to solve key socioeconomic challenges.


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How to Cite

Mohamad Puad, N. A., Jamlus Rafdi, N., & Zainudin, N. (2023). Motivating Factors in Contributing to Socio-Economic Objectives during the Pandemic of COVID-19: The Case of Malaysian Takaful Operators. Journal of Management and Muamalah , 13(2), 102 - 113.